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What Does the Oil’s Futures Spread Suggest?

Robert Scott
What Does the Oil’s Futures Spread Suggest?

Is May Ideal for Oil Bulls?(Continued from Prior Part)Futures spreadOn May 6, the US crude oil June 2019 futures closed ~$2.5 above the June 2020 futures. On April 29, the futures spread was at a premium of $3. On April 29–May 6, US crude oil June